Catalyst Paper USA Price Announcement – Coated Groundwood & SC

Due to the current extraordinary situation, a temporary cost surcharge for our products is unfortunately unavoidable. The general surcharge will be levied on a segment basis and will apply from 1 April 2022 until further notice. The cost surcharge will affect all products produced in Germany. The surcharge will be shown separately on the invoice. Against the background of the current dynamics in the markets, we ask for your understanding for this measure and the short notice involved. Thank you very much.

*Q3 GAAP net income of $57 million / $0.66 per diluted share *Adjusted EBITDA of $140 million *Net debt down to $541 million / liquidity strengthened to $477 million at quarter-end *$38 million YTD EBITDA contribution from our recently acquired U.S. sawmills *Remi G. Lalonde to succeed Yves Laflamme as president and CEO as of March 1

Sylvamo's board of directors authorized a share repurchase program to acquire up to $150 million of the company's common stock. "Our strong free cash flow enables us to begin returning cash to shareowners," said Jean-Michel Ribiéras, chairman and chief executive officer. "We also expect to continue paying down debt and will repurchase shares opportunistically to further increase our equity value.”